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Bitcoin jumps to record on $1.9b Tesla investment

Lynn Thomasson and Olivia Raimonde

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Bitcoin surged to an all-time high after Tesla said it’s invested $US1.5 billion ($1.9 billion), becoming the biggest company yet to back the controversial cryptocurrency.

Bitcoin jumped as much as 15 per cent after Tesla made the disclosure in a regulatory filing, with prices exceeding $US44,000 for the first time. Tesla also said it would begin accepting the digital token as a form of payment for its electric cars.

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    Original URL: https://www.afr.com/markets/currencies/bitcoin-jumps-to-record-on-1-9b-tesla-investment-20210209-p570px